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Some economists and legislators argue that there is no unemployment problem (per se) in the United States or Europe. Globalization, in which U.S. firms close their American factories and create factories, call centers, and other facilities in other countries, would seem to support the "no such thing as unemployment" hypothesis. The same argument can be made for airline machinists or General Motors autoworkers who refuse to lower their wages and benefits at the risk of losing their jobs.
Consider a competitive market characterized by the following supply and demand formulas: Demand: P = 105 - 0.25QD Supply: P = 0.275QS (a) Show the supply and demand curves and the equilibrium price and quantity in this market in a diagram. (b) With t..
If a prospective employee is not offered his/her reservation utility or reservation wage, then he/she will
Average revenue schedule of a simple monopolist is : What is the market-clearing price for the monopolist? How much will the monopolist produce? What is the net profit of the monopolist?
Why is it important to demonstrate concern for communities in which we operate as well as comply with appropriate regulations?
Discuss the economics justifications for a merger. In particular, how might these reasons apply to companies now merging in the following industries oil automobiles telecommunications electric power commercial banks
What determines whether or not a resource is scarce? Why is the concept of scarcity important to the definition of economics? Discuss the impact of rational self-interest on each of the following decisions. Suppose you go to a restaurant and buy an e..
The question ask to look through a local newspaper or any direct mail marketing pieces you can locate. To note prices any different types of products. AND THEN Determine if any firms are using psychological pricing. Also, determine if competing firms..
Suppose the following table reflects the domestic supply and demand for compact discs (CD’s). Now suppose that foreigners enter the market, offering to sell an unlimited supply of CD’s for $6 apiece. Illustrate and identify.
Suppose that a consumer’s demand for a product is given by P = 80 – 2Q. A monopolist produces the product at constant marginal cost, where MC = $6. The firm has no fixed costs. Suppose the monopolist sets a two-part tariff for the good where the cons..
Your manager has tasked you with producing a simple white paper that describes at a high level how network monitors actually capture and report information about the state of a network and the nodes that are present on a network. Your paper will b..
1. know how to do the staticdynamic efficiency problem.suppose the marginal benefit and marginal cost of extracting a
We all have “service failure” stories to tell. As a matter of fact, most people love to tell about a time when a firm provided sub-par service to us as consumers. Sometimes these stories are humorous and other times they are sad. However, was that se..
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